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200302073 Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to the Secured Debt, whether or oat then due, at Beneficiary's Option. Any application of proceeds to principal shall not extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired by Beneficiary, Tmslor's right to any insurance policies and proceeds resulting from damage m the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt inunediately before the acquisition. 20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement., Truslor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 21. FINANCIAL. REPORTS AND ADDITIONAL DOCUMENTS. Tmslor wilt provide to Beneficiary upon request, any financial statement nr information Beneficiary may deem reasonably necessary. Tmstor agrees to sign, deliver, and file any additional docwnents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Grantor's obligations under this Security Instrument and Beneficiary's lien status on the Property. 22. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Trusmr signs this Security Insl amem but does not sign an evidence of debt, Truster does so only to mortgage Tmstot's interest in the Property to secure payment of the Secured Debt and Truster does not agree to be personally liable on the Secured Debt If this Security Instrument secures a guaranty between Beneficiary and Toaster, Toaster agrees to waive any rights that may prevent Beneficiary from bringing any action or clahn against Truster or any party indebted under the obligation. These rights may include, but are not limited to, any anti deficiency or one- action laws. Tmslor agrees that Beneficiary and any party to this Security Instrument may extend, modify or make any change in the terms of this Security Instrument or any evidence of debt without Tricot's consent. Such a change will not release Tmstor from the teems of this Security Instrument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Truster and Beneficiary. 23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the jurisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where the Property is located. This Security Instrument is complete and fully integrated. This Security Instrument may not be amended of modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will Out be effective, unless that law expressly or implicitly permits the variations by written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that section will be severed and will not affect the enforceability of the rernainder of this Security Instrument Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of the sections of this Security fi strmment are for convenience only and are not to he used to interpret Or define the genus of this Security Instrument. time is of the essence in this Security htslrummat. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a successor trustee without any other toetality dun the designation in writing. The successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties conferred upon 'Trustee by this Security Instrument and applicable law. 25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail Ili the appropriate party's address on page I of this Security Instrument, or to any other address designated in writing. Notice to one trustor will be deemed to be notice to all castors. 26. WAIVERS. Bxcepl to the extent prohibited by law, Truster waives all appraisement and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following are applicable to this Security Instalment: ❑ Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced to a zero balance, this Security Instrument will remain to effect until released. W Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property [X Fixture Hling. Truslor grants In Beneficiary a security interest in all goods that Grantor owns now or in the future and nut are or will become fixtures related to the Property. Phis Security Instrument suffices as a financing statement and any carbon, photographic or other reproduction Only be filed of record for purposca of Article 9 of the Uniform Comrmcrcial Code. ❑ Riders. The covenants and agreements Of each of the riders checked below are incorporated into and supplement and amend the teens of this Security Iustrument. [Check all applicable boxes] ❑ Conduminiun Rider ❑ Plauued Unit Development Rider ❑ Other ................... ............................... ❑ Additional Terms. SIGNATURES: By signing below, Truster agrees to the terns and covenants contained in this Security Instrument and in any attachments. Tastor also acknowledges receipt of a copy of this Security Instmmeed on the dale staled on page 1, omuq by 1 7 J QQt v ly a I g � 3 nwrd (sitnmuml Jo a .Wllou hh (True) (' �J.hu . Wi lloughby I g Y ACRNOWLEDGMEN'1 STATE OF Nohyaaka ....... COUNTY OF Hall ... ] ss. °,NlrLM1ann This instrument was acknowledged before me this B311h. day Of Fehrmary , 2QU3.... . ..... by JgbRD. WilloughhY.. QYv. QM..WIIlaugbhg,.HushaodandWife.. My commission expires James E Bennau C 1996 BenketF Symms, Irc., Sc Cloud, MN Fenn aWTN V30 13003 (page 4 ,f 4. WERAL NOTARY -State N Nebraska JAMES E. BENNAU By comm. Erp. Aut 4, 2006